Global Polyethylene Naphthalate (PEN) Market Report and Forecast 2023-2028
Market Report I 2023-10-30 I 90 Pages I EMR Inc.
Global Polyethylene Naphthalate (PEN) Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), theglobal polyethylene napthalate (PEN) market attained a value of USD 282.2 million in 2022. The market is estimated to grow at a CAGR of 11.2% during 2023-2028 to reach a value of USD 514.7 million by 2028. Aided by the mounting demand for high-performance polymers across multiple sectors and the diversifying applications of PEN, the market is expected to grow significantly by 2028.
Polyethylene Naphthalate, often referred to as PEN, is a high-performance polyester known for its superior properties as compared to its counterpart Polyethylene Terephthalate (PET). PEN stands out owing to its enhanced dimensional stability, superior resistance to temperature fluctuations, and superior barrier properties against gases and solvents. These attributes make it a preferred material in various applications ranging from electronic parts, high-density recording media, to packaging materials.
The escalating shift towards advanced materials in industries, primarily in electronics and automotive sectors, is acting as a catalyst for the global polyethylene naphthalate (PEN) market growth. The electronics industry, constantly aiming for miniaturisation, seeks materials that offer better performance and durability, especially under demanding conditions. This has caused an uptick in the adoption of PEN for manufacturing capacitors and flexible printed circuits. Similarly, in the automotive sector, the quest for lightweight and high-performance materials has provided an impetus to PEN's popularity.
The broadening horizon of PEN's applications also significantly influences the global polyethylene naphthalate (PEN) market outlook. The packaging sector, always in pursuit of materials with better barrier properties and stability, is turning to PEN. Given its excellent resistance to gas and solvent permeability, PEN is becoming the material of choice for food and beverage packaging, thereby ensuring freshness and extended shelf life. This is particularly evident in the case of beer bottles, where PEN's barrier properties help in retaining the beverage's carbonation.
In the realm of optical media, PEN's superior dimensional stability at high temperatures is being leveraged for producing high-density recording media, especially Blu-ray discs. Its resistance to high temperatures ensures that the media can be read accurately and reliably, even when subjected to the intense heat of high-speed recording and playback.
According to the polyethylene naphthalate (PEN) market analysis, another burgeoning avenue for PEN is the textile industry. The constant demand for fabrics that can withstand higher temperatures, offer UV resistance, and retain their structure is being met by integrating PEN. This ensures textiles that are not just durable but also lend themselves well to various applications, from protective wear to high-performance athletic wear.
Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Film
- Fibre
- Resin
Market Breakup by Application
- Beverage Bottles
- Food Packaging
- Electronic Goods
- Rubber Tyres
- Textiles
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global polyethylene naphthalate (PEN) market. Some of the major players explored in the report by Expert Market Research are as follows:
- Indorama Ventures Public Company Limited
- DuPont Teijin Films Ltd.
- Kolon Plastics Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Polyethylene Naphthalate (PEN) Market Analysis
8.1 Key Industry Highlights
8.2 Global Polyethylene Naphthalate (PEN) Historical Market (2018-2022)
8.3 Global Polyethylene Naphthalate (PEN) Market Forecast (2023-2028)
8.4 Global Polyethylene Naphthalate (PEN) Market by Type
8.4.1 Film
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Fibre
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Resin
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Polyethylene Naphthalate (PEN) Market by Application
8.5.1 Beverage Bottles
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Food Packaging
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Electronic Goods
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Rubber Tyres
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Textiles
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.9 Global Polyethylene Naphthalate (PEN) Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2022)
8.9.1.2 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2022)
8.9.2.2 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2022)
8.9.3.2 Forecast Trend (2023-2028)
8.9.4 Rest of the World
9 North America Polyethylene Naphthalate (PEN) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Polyethylene Naphthalate (PEN) Market Analysis
10.1 Spain
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Belgium
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Polyethylene Naphthalate (PEN) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Vietnam
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2. Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Price Analysis
14 Manufacturing Process
14.1 Overview
14.2 Detailed Process Flow
14.3 Unit Operations Involved
15 Competitive Landscape
15.1 Market Structure
15.2 Global Polyethylene Naphthalate (PEN) Raw Material Manufacturers
15.3 Production Capacity of Leading Global Polyethylene Naphthalate (PEN) Manufacturers
15.4 Company Profiles
15.4.1 Indorama Ventures Public Company Limited
15.4.1.1 Company Overview
15.4.1.2 Product Portfolio
15.4.1.3 Demographic Reach and Achievements
15.4.1.4 Certifications
15.4.2 DuPont Teijin Films Ltd.
15.4.2.1 Company Overview
15.4.2.2 Product Portfolio
15.4.2.3 Demographic Reach and Achievements
15.4.2.4 Certifications
15.4.3 Kolon Plastics Inc.
15.4.3.1 Company Overview
15.4.3.2 Product Portfolio
15.4.3.3 Demographic Reach and Achievements
15.4.3.4 Certifications
15.4.4 Others
16 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirement and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Cost of Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investment
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